Data / Bank failures / 2009 / Commerce Bank of Southwest Florida
Commerce Bank of Southwest Florida, Fort Myers, FL: failed November 20, 2009
Commerce Bank of Southwest Florida in Fort Myers, Florida, failed on November 20, 2009. Central Bank of Stillwater, MN, took over its deposits. It held $71 million in assets and $72.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $32.2 million (45.4% of its assets). By assets it was the 133rd largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- November 20, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Central Bank, Stillwater, MN
- Total assets
- $70,997,000
- Total deposits
- $72,821,000
- Estimated cost to the FDIC
- $32,235,810 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 58016
Other bank failures in Florida, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Premier Community Bank of the Emerald Coast | Crestview | December 16, 2011 | $126 million | $112.1 million | $25.1 million | Summit Bank, National Association |
| Old Harbor Bank | Clearwater | October 21, 2011 | $209 million | $212.2 million | $26.3 million | 1ST United Bank |
| The First National Bank of Florida | Milton | September 9, 2011 | $296.8 million | $280.1 million | $75.7 million | Charterbank |
| Lydian Private Bank | Palm Beach | August 19, 2011 | $1.70 billion | $1.25 billion | $183.5 million | Sabadell United Bank, National Association |
| Southshore Community Bank | Apollo Beach | July 22, 2011 | $41.3 million | $41.4 million | $11.4 million | American Momentum Bank |
| Landmark Bank of Florida | Sarasota | July 22, 2011 | $266.5 million | $244.4 million | $37.4 million | American Momentum Bank |
| First Peoples Bank | Port Saint Lucie | July 15, 2011 | $225 million | $207.6 million | $13.1 million | Premier American Bank, National Association |
| First Commercial Bank of Tampa Bay | Tampa | June 17, 2011 | $98.6 million | $92.6 million | $33.5 million | Stonegate Bank |
Other failed banks Central Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Riverbank | Wyoming | MN | October 7, 2011 | $419.7 million | $384.1 million | $71.2 million | Central Bank |
| Rosemount National Bank | Rosemount | MN | April 15, 2011 | $21.5 million | $21 million | $5.4 million | Central Bank |
| Riverview Community Bank | Ostego | MN | October 23, 2009 | $99.1 million | $75 million | $23.5 million | Central Bank |
| Jennings State Bank | Spring Grove | MN | October 2, 2009 | $52.3 million | $50.8 million | $18.9 million | Central Bank |
| Mainstreet Bank | Forest Lake | MN | August 28, 2009 | $458.5 million | $432.8 million | $89.9 million | Central Bank |
| National Industrial Bank of Connecticut | Meriden | CT | November 9, 1989 | $46.5 million | $48.3 million | $5.3 million | Central Bank |
| Delta Pacific Bank | Pittsburg | CA | October 30, 1987 | $17.7 million | $17 million | $1.3 million | Central Bank |
| American City Bank | Los Angles | CA | February 25, 1983 | $319.4 million | $293.9 million | $25.3 million | Central Bank |
All bank failures in 2009 · All bank failures in Florida · Every failed bank Central Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.